In the first quarter of the current fiscal, India's current account balance recorded a deficit of $18.2 billion, or 2.2% of the GDP. In the year-ago period, it recorded a CAD of $9.7 billion, or 1.3% of the GDP.
Key export sectors, including gems and jewellery, engineering, petroleum products, ready-made garments of all textiles, chemicals, pharma, marine products, and leather, recorded negative growth during October.